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Scripps News

How your data could dictate the price you pay

Scripps News · Just In
Scripps News
Scripps News
Just In

The FTC reported that companies hired to manage price-setting algorithms work across hundreds of brands, from grocery stores to clothing retailers.

Breakdown
  • Companies use personal data to set individualized prices for customers.
  • Algorithms analyze demographics and online behavior to predict willingness to pay. 41s
  • A Federal Trade Commission study found retailers track consumer behavior to adjust prices. 58s
  • Data privacy advocates warn consumers have little control over how their data is used. 1m 28s
  • Experts say AI-driven personalized pricing is spreading across industries and raises new concerns. 2m 29s
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